Funding is not an issue for Reliance given the current balance sheet. Reliance is almost debt free and will generate cash flow of Rs 65,600 crore in FY22 and grow to Rs 1.5 lakh crore by FY26, it said.
Reliance Retail will also focus on a multi-fold expansion of its store footprint this year to reach more merchants and customers while boosting its sourcing ecosystem by working closely with a host of partners including MSMEs
RIL’s 44th Annual Meet HIGHLIGHTS: Reliance Industries Ltd chairman Mukesh Ambani made a slew of announcements related to solar and new energy business, along with JioPhone Next launch at 44th AGM 2021.
In a letter to the shareholders in the annual report, RIL chairman and MD Mukesh Ambani said, “In our retail business, we expanded our customer outreach by growing physical and digital footprint with store additions, streng